Board of Directors

Board of Directors

Peter R. Gleason | National Association of Corporate Directors (NACD)

MCC: Risk oversight is a key responsibility for corporate boards. What are the major areas of risk? Gleason: It's interesting. When you think about it, everything falls into the risk category. Where we used to have discussions around financial reporting or compensation, the conversation...

Board of Directors

Raymond V. Gilmartin, Maggie Wilderotter | National Association of Corporate Directors (NACD)

Editor: The board has always been responsible for oversight of strategy development. What differentiates the recommendations in this report? Gilmartin: The primary difference lies in recommending a new and higher level of board engagement. This means moving away from the traditional “...

Bankruptcy & Restructuring

Gabriel A. Morgan | Weil, Gotshal & Manges LLP

As a company turns in the widening gyre of financial distress, its directors and officers are often confronted with situations that require them to make difficult decisions. Should things fall apart, those decisions may give rise to claims that directors or officers breached their fiduciary...